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NZ: Volume up, prices ease in May real estate market

Posted on 14 June 2011

The national housing market recorded a further lift in volumes during the month of May, with the seasonally adjusted number of sales up 2.6% compared to April, according to REINZ figures, the most up-to-date data series on the New Zealand real estate market.

Across New Zealand 5,766 unconditional sales were reported for the month of May, up 779 on the number of sales reported for April and 560 more than last May. The national median house price at $350,000 was equal to the same month of last year, but down by $10,000 from April 2011……………………………………….Full Article: Source

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